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People call for boycott of Wells Fargo after CEO blames 'very limited pool of Black talent' for the bank's trouble hitting its diverse hiring goals

27 days ago   |   By Business Insider

Summary List Placement People have begun to call for a boycott of Wells Fargo after it was revealed that the bank's CEO claimed multiple times that the bank's difficulty in hiring diverse employees was due to a lack of qualified Black talent.
"While it might sound like an excuse, the unfortunate reality is that there is a very limited pool of black talent to recruit from," Charlie Scharf, Wells Fargo CEO, wrote in a June memo to employees, Reuters first reported. Scharf also repeated this claim in a Zoom meeting over the summer, and the comments bothered some of the bank's employees...
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Wells Fargo's CEO apologized for blaming the company's lack of diversity on 'a very limited pool of Black talent.' Here's why that attitude is pervasive and harmful to workers

Wells Fargo's CEO apologized for blaming the company's lack of diversity on 'a very limited pool of Black talent.' Here's why that attitude is pervasive and harmful to workers

27 days ago   |   By Business Insider

Charles Scharf, CEO of Wells Fargo, issued an apology Wednesday for problematic comments about hiring Black employees.
Reuters
Wells Fargo CEO and president Charles Scharf issued a public apology Wednesday following a report by Reuters citing racially insensitive comments made by the executive.
Scharf said that the bank had trouble reaching its diversity goals because there was not enough qualified minority talent, according to Reuters .
It's important to discuss why that argument is false and damaging to the Black community, as well as to other marginalized communities.
"There is Black...
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Wells Fargo CEO apologizes after disparaging Black talent pool

27 days ago   |   By Washington Post

On Wednesday morning, Scharf apologized in a memo to the entire company "for making an insensitive comment reflecting my own unconscious bias,” he said.
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Alexandria Ocasio-Cortez slams Wells Fargo CEO for blaming 'very limited pool of Black talent' for the bank's trouble hitting its diverse hiring goals

Alexandria Ocasio-Cortez slams Wells Fargo CEO for blaming 'very limited pool of Black talent' for the bank's trouble hitting its diverse hiring goals

27 days ago   |   By Business Insider

Summary List Placement
Representative Alexandria Ocasio-Cortez slammed the CEO of Wells Fargo on Tuesday for repeated claims that the bank's difficulties in hiring diverse employees was due to a lack of Black talent.
"While it might sound like an excuse, the unfortunate reality is that there is a very limited pool of black talent to recruit from," Charlie Scharf, Wells Fargo CEO, wrote in a June memo to employees, according to Reuters. Scharf also repeated this claim in a Zoom meeting over the summer, exasperating Black employees, Reuters said.
In response, Ocasio-Cortez wrote, "Perhaps...
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Wells Fargo CEO apologizes for comments about diversity

27 days ago   |   By Chron

NEW YORK - Wells Fargo CEO Charles Scharf apologized Wednesday for comments he made about the difficulty of finding qualified Black executives.
Scharf said that “there is a very limited pool of black talent to recruit from” in the corporate America. The memo was written in June, but became public this week.
The comments and similar statements made in a Zoom meeting, reported by Reuters, led to an intense backlash in Washington and on social media.
“Perhaps it is the CEO of Wells Fargo who lacks the talent to recruit Black workers,” said Rep. Alexandra Ocasio-Cortez of New York, on...
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Wells Fargo CEO apologizes for comments about diversity

27 days ago   |   By Chron

NEW YORK - Wells Fargo CEO Charles Scharf is apologizing for comments he made about the difficulty of finding qualified Black executives.
Scharf said in a memo released this week that “there is a very limited pool of black talent to recruit from” in the corporate America.
The comments and similar statements made in a Zoom meeting, reported by Reuters, led to an intense backlash in Washington and on social media.
Scharf on Wednesday said in a prepared statement that his comments reflect "my own unconscious bias.”
“There is no question Wells Fargo has to make meaningful progress to increase...
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Wells Fargo CEO Apologizes For Saying There's A ‘Limited Pool Of Black Talent'

27 days ago   |   By Forbes

Charles Scharf's comment about the bank's struggles to reach diversity goals sparked immediate backlash.
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